Central Bank Holds Rates After Outlining a Raft of Measures Last Month to Boost Euro-Zone Economy

FRANKFURT—European Central Bank President Mario Draghi kept the door open to additional stimulus including large-scale asset purchases if needed to fight excessively low inflation, while rejecting concerns over super-easy monetary policies at the ECB and other central banks. (Follow our live blog).

The ECB also announced sweeping changes to its decision-making and communications, including fewer policy meetings and the publication...